Digital Asset Fund Flows Report: Significant Outflows Continue
By James Butterfill
Published in the CoinShares Research Blog on April 10, 2025
Digital asset investment products experienced another week of significant outflows, totaling $795 million, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. This marks the third consecutive week of declines, bringing total outflows since early February to a staggering $7.2 billion, effectively erasing nearly all year-to-date (YTD) inflows.
Continued Negative Sentiment
The recent trend of outflows is attributed to persistent negative sentiment surrounding the cryptocurrency market. Factors such as ongoing tariff activities have contributed to a cautious outlook among investors. Total year-to-date inflows have plummeted to just $165 million, a sharp decline from previous months when the sector had seen positive growth.
Despite the recent downturn, a slight rebound in asset prices occurred late last week. This uptick has lifted the total assets under management (AuM) to $130 billion, representing an 8% increase following President Trump’s unexpected temporary reversal of tariffs that have been affecting the broader economy.
Bitcoin and Ethereum Lead Outflows
Among the cryptocurrencies, Bitcoin experienced the largest outflows, totaling $751 million last week. Interestingly, despite these outflows, Bitcoin still shows a year-to-date inflow of $545 million, illustrating its significant role in the digital asset landscape. The widespread nature of these outflows was evident, with declines reported across various countries and investment providers.
Ethereum was also notable in this report, experiencing outflows of $37.6 million. Other cryptocurrencies followed suit, with Solana, Aave, and Sui reporting outflows of $5.1 million, $0.78 million, and $0.58 million, respectively. Even short-bitcoin investments were affected, witnessing outflows totaling $4.6 million.
A Glimmer of Optimism in Altcoins
Despite the overall negative trend, some altcoins managed to defy the downward momentum. XRP led the way with modest inflows of $3.5 million, followed closely by Ondo, Algorand, and Avalanche, which saw inflows of $0.46 million, $0.25 million, and $0.25 million, respectively. These small gains may indicate a potential shift in investor sentiment towards specific altcoin sectors, offering a glimmer of optimism in an otherwise turbulent market.
Conclusion
The CoinShares report highlights the ongoing turbulence in the digital asset market, characterized by substantial outflows driven by negative sentiment and broader economic factors. As the market adapts to these challenges, investors remain cautious, watching for signs that could indicate a turning point and renewed inflows into digital assets.
For those interested in a deeper dive into the digital asset investment landscape, the full report and additional research from CoinShares can be accessed here.
For more insights, follow CoinShares Research Blog for regular updates and analysis.
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